Crypto

Britain has expanded its crackdown on Southeast Asia’s scam economy by sanctioning Xinbi, a Chinese-language crypto marketplace that officials say helped service scam centers, along with Legend Innovation Co., the operator of Cambodia’s “#8 Park” compound, and six individuals allegedly tied to the network.

Binance failed for months to cut ties with a payment-processing vendor despite a series of red flags that pointed to possible sanctions evasion and money laundering involving transfers later linked to Iran.

Two Chinese pharmaceutical firms and six Chinese nationals are facing charges after prosecutors said they were part of a drug-trafficking network that provided material support to the Cártel del Golfo (CDG), a Mexican criminal syndicate that was designated as a foreign terrorist organization.

Britain’s government will cap political donations from British citizens living overseas at £100,000 a year and temporarily ban cryptocurrency donations under emergency election law changes aimed at countering foreign interference.

Margaret Ryan, the former head of enforcement at the U.S. Securities and Exchange Commission (SEC), resigned last week after clashing with agency leaders over the direction of the watchdog’s oversight, including cases tied to President Donald Trump, his family, and his administration.

Switzerland has approved its first comprehensive national strategy for fighting money laundering and terrorist financing, the country’s Federal Council announced Friday. 

The European Commission is preparing to unveil an action plan against digital fraud before the summer as it seeks to strengthen the European Union’s response to a surge in online scams and cyber-enabled financial crime.

Companies House has removed cryptocurrency exchange Zedxion Exchange Ltd. from the UK’s register of businesses after an investigative report by OCCRP found the firm used a fictitious director and misleading incorporation filings to conceal links to sanctioned Iranian tycoon Babak Zanjani.

Digital money transfers have overtaken cash for the first time in the U.S.-to-Mexico remittance corridor, marking a shift in the world’s largest flow of cross-border family payments and intensifying pressure on traditional cash-based providers.

A UK parliamentary committee warned on Wednesday that weaknesses in Britain’s political finance regime leave it vulnerable to illicit foreign funds, and said enforcement remains too fragmented and underpowered to deter abuse.